Bristol Palin Gives Birth: Could Earn $300K

Bristol Palin gave birth to her much-anticipated baby son on Sunday, People.com reported this evening.

The first grandchild of Alaska Gov. Sarah Palin is Tripp Easton Mitchell Johnston, weighing in at seven pounds, four ounces.

It is also being reported that Bristol Palin could earn $300,000 for the baby pics. According to one source, bidding for the baby photos began at $100,000. People won out in the end, but In Touch was the only other weekly to make serious bids, according to several sources involved in the process.